2024 Gulf Fwy - Storefront FOR SALE
Texas City, TX 77591 |
2024 Gulf Fwy
Texas City, TX 77591
HIGHLIGHTS
- ?Corporate Backed Long-Term Lease – Starbucks Corporation signed a new 10-year lease with no early termination clause, scheduled to commence Sept 2021
- Extremely Rare “Self-Maintain” Lease - Starbucks maintains landscaping and parking lot, including sweeping, sealing, and restriping
- Attractive Rent Increases – lease features 10% rent increases every 5 years in the primary term and options, providing a hedge against inflation
- ?Investment Grade Credit- Starbucks Corporation is rated “BBB+” by Standard & Poor’s
- Starbucks Corporation (NASDAQ: “SBUX”) is the world’s premier coffee company with over 32,000 location and $26.5 billion in annual revenue
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Starbucks | New Construction | Houston MSA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
2100
STORIES
1
YEAR BUILT
2021
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
3757-0001-0002-000
